On January 28, China Fortune Land Development Co.Ltd(600340) announced that it expected a loss of 33.1 billion yuan to 39.1 billion yuan in 2021. It is reported that the company made a profit of 3.665 billion yuan in the same period of 2020.
China Fortune Land Development Co.Ltd(600340) said in the announcement that due to the impact of multiple rounds of epidemics superimposed by the macroeconomic environment, industry environment and credit environment, the liquidity of the company has been strained periodically since the fourth quarter of 2020, the company has failed to repay its financial debts on schedule, and the financing business has almost stopped, which has a serious impact on the company’s operation, resulting in a sharp decline in the company’s performance.
